Redemptions Financial News
07.12 / 12:45
companies
Unit trusts/OEICs
SJP
Redemptions
Somerset Capital Management funds seek new home as firm set to close following SJP redemptions
The firm was co-founded by MP Jacob Rees-Mogg (pictured).
23.11 / 15:38
UK
bonds
equities
fixed income
LSEG Lipper
Redemptions
LSEG Lipper: October sees biggest UK equity redemptions since Mini Budget
By contrast, money market funds received £4bn in inflows, which Dewi John, LSEG Lipper head of research, UK & Ireland, said was “as startling” as the equity figures.
19.11 / 18:15
CEO
USDT
Assurant
Redemptions
Near Foundation
Wintermute Accuses Near Foundation and Aurora Labs of Failing to Honor USN Redemptions
Wintermute, in an unexpected public disclosure, has raised a serious allegation against the Near Foundation (NF) and Aurora Labs regarding the redemption process of the USN stablecoin. In a series of tweets, Wintermute's CEO, Evgeny Gaevoy, criticized the entities for not honoring their public and private commitments to redeem USN tokens for USDT, leading to substantial financial repercussions for Wintermute and possibly setting a detrimental industry precedent.
13.10 / 12:01
property
Link Fund Solutions
UK property
Redemptions
Canada Life AM closes UK property fund as redemptions hit 60%
Trading has been suspended in the WS Canlife UK Property ACS, along with a range of onshore and pension products that invest in the fund.
13.08 / 18:11
HSBC
Redemptions
Saudi Arabia issues nearly $9.6 billion local sukuk after early redemptions
Saudi government has issued new local currency Islamic bonds worth around 35.9 billion riyals ($9.57 billion) after buying back some of its existing sukuk worth over 35.7 billion riyals, the National Debt Management Center said on Sunday. The Sukuk that were redeemed early were set to mature in 2024, 2025 and 2026.
31.07 / 13:59
Morningstar
Redemptions
Redemptions at Odey AM persist two months after Crispin Odey sexual assault allegations
Funds with ties to Crispin Odey have continued to be battered by redemptions nearly two months after the hedge fund titan was hit by a string of sexual misconduct allegations.
25.07 / 05:55
COST
Redemptions
MA Financial’s $1.47b Redcape Hotel Group freezes redemptions
Less than two years after MA Financial took its pubs outfit Redcape Hotels Group off the ASX boards with a pitch for rosier valuations, it is struggling to settle the tab on investor redemptions.
24.06 / 08:09
Blockchain
Ethereum
Stablecoin
Tokens
Aave
Redemptions
Trader takes $4M short position on TrueUSD as issuer halts mints and redemptions
Following TrustToken’s decision to temporarily halt mints and redemptions of its TrueUSD (TUSD) stablecoin through its banking partner, Prime Trust, a trader has taken advantage of the situation by initiating an on-chain short position.
16.06 / 09:45
UPS
Redemptions
Odey AM gates more funds as investor redemptions ramp up amid sexual misconduct claims
Odey Asset Management has gated two more funds in a sign redemptions are ramping up in the wake of sexual misconduct allegations against its founder Crispin Odey.
12.04 / 17:57
Blockchain
Ethereum
defi
lending
Returns
Redemptions
Euler Finance opens redemptions after hacker returns funds
On April 12, Ethereum-based noncustodial lending protocol Euler Finance announced that it would open redemptions after hackers returned the vast majority of assets stolen in a $197 million flash loan exploit last month.
13.03 / 17:49
business
Blockchain
Usd Coin
Redemptions
314M USDC sent to null address as redemptions begin: Report
According to Web 3.0 analytics platform Watchers (0xscope), a total of 314.167 million USD Coin (USDC) has been sent by its issuer, Circle, to the Ethereum null address with header 0x00 on Mar. 13. The null address is typically used to remove tokens from circulation via one-way transactions.
14.02 / 08:49
business
Blockchain
Stablecoin
Binance
Paxos
Binance USD
Withdrawals
Redemptions
Binance withdrawals and BUSD redemptions surge post Paxos crackdown
Cryptocurrency exchange Binance has seen a surge of withdrawals over the last 24 hours as investors appear to be spooked over recent news of regulatory action against Paxos and its stablecoin Binance USD (BUSD).
02.12 / 10:43
Redemptions
Blackstone stops redemptions from real estate fund as stock slides
Blackstone shares took a big hit after the investing giant’s real-estate fund aimed at wealthy individuals said it would limit redemptions.
11.11 / 07:39
Stablecoin
Tether
TRON
Usd Coin
Redemptions
market volatility
Major stablecoins destabilized as market volatility and redemptions surge
Plunging cryptocurrency prices are not the only consequence of this week’s FTX-induced crypto contagion.
22.08 / 08:51
cryptocurrency
Tether
crypto news
Redemptions
fall
reserves
Redemptions Pushed Tether's Reserves To Fall $16 Billion In June Quarter
Stablecoin Tether's reserves fell $16 billion in second quarter due to redemptions
27.05 / 14:35
MARKET
Gemini
stocks
Bitcoin
Redemptions
Decoupling of Crypto and Stocks 'Driven by Fund Redemptions', 'Should Cease' Today as Stock Markets Close
After much talk in recent years about an increasing correlation between stocks and bitcoin (BTC), a ‘decoupling’ between the two has been observed in May, as BTC has fallen significantly more than stocks. But according to an observer, bitcoin could find support as soon as the stock market closes for the week.
19.05 / 13:03
Stablecoin
defi
MARKET
Tether
Terra
Redemptions
Tether in the Spotlight After USD 9B Worth of Redemptions
The popular stablecoin tether (USDT) is again the subject of unwanted attention after approximately USD 9bn has been redeemed for US dollars by users in the aftermath of the terraUSD (UST) collapse.
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